Vertical Aerospace Ltd. Ordinary Shares

Good morning. My name is Ellie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Vertical Aerospace 2025 first after earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by one on your telephone keypad. Thank you. Now, I'd now like to turn the call over to Jillian Levine, IR lead at Vertical Aerospace. You may now begin your conference.

Hello, everyone, and good morning. I'm delighted to welcome you to our H1 update call today. Before we get started, I would like to remind you that during today's call, we'll be making forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Any forward-looking statement we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. We posted an accompanying slide deck to our investor relations web section of our website at investors.verticalaerospace.com, which contains information and cautionary warnings on forward-looking statements. For a more complete discussion about these risks and uncertainties, we have filed our 2025 first half year financial statements with the SEC this morning. Please now let me hand it over to our CEO, Stuart Simpson.

Good morning, everyone, and thank you for joining us today for Vertical Aerospace's 2025 half-year results. I will give you an update on our progress over the past six months, and I'm joined by our Chief Commercial and Strategy Officer, Michael Chevenka, to talk through one of our key partnerships. But before we get started, I wanted to share something special with you. Sir, I'll join you.